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General Growth Hires Mathrani as CEO

Mall owner General Growth Properties Inc. on Thursday announced it hired Vornado Realty Trust executive Sandeep Mathrani to take over as its next chief executive early next year.

Mr. Mathrani, 48, formerly chief of Vornado's retail division, will succeed Adam Metz, a General Growth board member who took over as CEO in October 2008 and led the mall owner through its bankruptcy. General Growth, which owns roughly 200 U.S. malls, expects...